-2.65 (-0.99%) State-owned Power Grid Corporation led consortium has secured contract worth $21 million from Ethiopian Electric Power Service Corporation for undertaking its system upgrade. Moreover, the contract is for a period of two years.
In another consortium, Power Grid Corporation has set up a joint venture company with the Nepal government, IL&FS and Satluj Jal Vidyut Nigam Ltd for power transmission.
Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.